Why have petrol prices dropped? [Archive]

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Cardboard

11-09-2006, 14:23

Anyone know why the petrol prices have dropped so much recently? Is there a surplus?!

I'm not compaining - just curious as to why they have come down so much so quickly...

Blade1983

11-09-2006, 14:26

dunno - was thinking the same the other day!

probably just to keep us on our toes!

maybe to lure us into faulse sense of security - all buy 4x4's and then hike the price?! who knows!

enjoy it while it lasts!

alou

11-09-2006, 14:30

I think it is something to do with "threats" ie war/ pipe lines not working / Russia not playing fare (all big stories a few months ago).

And now its all gone quiet - so they lower their prices because there is no threat (or less of one).

scottf

11-09-2006, 14:32

The price of oil has dropped so the prices drop to suit.

Cardboard

11-09-2006, 14:34

The price of oil has dropped so the prices drop to suit.

they must have dropped a lot for us to get 10% discount within just a few weeks!

Twoflags

11-09-2006, 14:36

Price war between ASDA TESCO and Morrisons. Other stations drop to follow the trend. Unless it's BP, see to think it acceptable to still charge 95p a litre when it's 6p cheaper throughout the city.

owlsman

11-09-2006, 14:37

Price war between ASDA TESCO and Morrisons. Other stations drop to follow the trend. Unless it's BP, see to think it acceptable to still charge 95p a litre when it's 6p cheaper throughout the city.

Spot on! :thumbsup:

torin8

11-09-2006, 14:37

They have dropped for several reasons:
1. A large deposit of Oil has been suposedly found in the Gulf of Mexico
2. Israel / Lebanese conflict has ended
3. The summer is mostly over and hence the american market will need less fuel for now... until winter
4. The BP oilfield in Alaska will not after all be totally shut down because of safety fears

I'm sure there are other reasons...

Cardboard

11-09-2006, 14:40

Its not so mucht tha the prices have dropped that have suprised me...its more that they have dropped so much, so quickly...:confused:

torin8

11-09-2006, 14:43

Its not so mucht tha the prices have dropped that have suprised me...its more that they have dropped so much, so quickly...:confused:
There is sooo much good news in the world for the oil market (see my post above) so the marketeers are calming down. It's a stupid paranoid world!:suspect:

Cardboard

11-09-2006, 14:46

There is sooo much good news in the world for the oil market (see my post above) so the marketeers are calming down. It's a stupid paranoid world!:suspect:

so u mean, the combination of it all.....that makes sense.

torin8

11-09-2006, 14:47

Pretty much that.... sadly as soon as something happens (like a few hurricanes hitting the gulf of Mexico rigs this next month) the price will be back up.

2wentypence

11-09-2006, 15:25

It might be a good idea to buy a tanker full and store it at these prices.

Cardboard

11-09-2006, 15:27

im gonna waterproof my garage and fill it up with petrol (best fireproof it too).

Now I just have to figure out how to get my garage to the petrol station....

torin8

11-09-2006, 15:31

You could set a couple of pumps on the drive way and call yourself BP :>

4ny1ne

11-09-2006, 15:38